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There is Russian money in the Forbes Media Holdings deal. Austin Russell is a cover

In recent days, it became known that Forbes Media Holdings did find a buyer. The information appeared in the mass media that the person is Austin Russell, the founder of the company Luminar, which manufactures lidars. Questions immediately arose: Russell’s

Change Ventures secures €20M for its new pre-seed Fund III

Estonia-based venture capital firm Change Ventures has secured €20 million to launch its third fund investing in the Baltic states. Fund III will focus on pre-seed investments in founder-driven companies from Estonia, Latvia, and Lithuania. Change Ventures Fund III

Startup of the Day: Polish gamedev studio Sundog 

Sundog was founded by Aleksandra Bieluk, Carlos Castanon, Zbyszko Fingas, and Mateusz Blaszczyk. Currently, the company is working on its first title, Ibru, based on Olga Tokarczuk’s book “Anna in the Tombs of the World”. The game is expected to

Slovenia, Croatia, and Serbia raised €3.45B in 2021-2022 — Adria Tech ecosystem report

The Adria Tech ecosystem is experiencing a remarkable transformation and is quickly becoming a global hub for technology and innovation. Over the last five years, the funding amount for the Adria Tech industry has skyrocketed from €300 million in 2016-2017

Siena Secondary Fund acquires a stake in Polish Booksy

Estonian Siena Secondary Fund has acquired a stake in Booksy, a Polish beauty services marketplace powered by a category-specific mobile SaaS platform for beauty providers. The amount of the deal is undisclosed. “We are thrilled to have our 1st investment in Poland

Bulgarian company Cupffee raises €1.8M for its edible coffee cups

Plovdiv-based foodtech startup Cupffee has raised €1.8 million through a pre-seed round from Eleven Ventures and a grant from the EIC. The company produces and commercializes edible coffee cups and stirrers, the Recursive reports.

Polish startup Metaverse Planetary secures €2.8M from nChain

Krakow-based startup Metaverse Planetary has secured €2.8 million (PLN 10 million) to develop its social media app set completely in the metaverse. The British company nChain provided the funds, MamStartup reports. “This is an exciting addition to our developing Web3

Romanian insurtech FlowX.ai raises $35M in a Series A round

The Bucharest-founded FlowX.ai that helps businesses to digitize their internal processes, has raised a $35 million in a Series A, the largest Series A in the history of the Romanian startup ecosystem. The round was led by Dawn Capital, with

ATN Corp.: Smart optics technologies that bring victory closer. Looking for promising projects and businesses in Ukraine

The renowned producer of electro-optics equipment, ATN Corp. (American Technology Network Corporation) seeks Ukrainian business and technology projects. Andrew Shpakov, Head of M&A at ATN Corp. talks about the firm’s global investment strategy, the role of Ukraine, and plans to

Record €298M raised by Baltic PE/VC funds — 2022 market overview

Despite being a relatively young market, the Baltic PE/VC industry has shown substantialgrowth. In 2022, capital raised by Baltic funds reached €298 million, a year-over-year increase in capital raised is over 130%. Baltic funds completed over 220 transactions, investing a